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Home » Trump Targeted Again, Bitcoin Suffers 3% Drop

Trump Targeted Again, Bitcoin Suffers 3% Drop

Hania by Hania
September 16, 2024
in Bitcoin News, General News
Reading Time: 3 mins read
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Trump Targeted Again, Bitcoin Suffers 3% Drop

Trump Targeted Again, Bitcoin Suffers 3% Drop

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Second Assassination Attempt on Trump Sends Bitcoin Plummeting

On September 15, Donald Trump faced a second assassination attempt while playing golf at his West Palm Beach course. The assassination attempt shocked both the political and financial worlds, with cryptocurrency markets taking a sharp hit. Although Trump remained unharmed, Bitcoin’s value dropped, showing how politics and crypto are more connected than ever.

Shots Fired at Trump’s Golf Course

At 1 PM EST, Secret Service agents spotted a man with an AK-47  close to Trump’s West Palm Beach golf club at 1:00 PM EST. Agents opened fire as the suspect—later identified as Ryan Wesley Routh, 58—tried escaping. He managed to escape in a black SUV, but not very far. The license plate of his car was captured by a witness, enabling the police to locate him on Interstate 95.

Authorities found two backpacks, a GoPro camera, and a rifle near the golf course. The Secret Service’s swift action likely averted a major tragedy. Ryan Wesley Routh has been arrested, and the FBI is now investigating the incident as an attempted assassination.

Trump Targeted Again, Bitcoin Suffers 3% Drop

Bitcoin Drops Amid Market Panic

The impact of the assassination attempt extended beyond the political sphere. It had an instant impact on the cryptocurrency market, with Bitcoin suffering a significant loss. After hearing the news, the price of Bitcoin dropped from $60,313 to $58,627, a decline of about 3%. 

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Trump Targeted Again, Bitcoin Suffers 3% Drop

The sharp decline led to $116.52 million in liquidations, hitting long positions the hardest. In a single day, more than 49,000 traders suffered the impact. Investors reacted strongly because of Trump’s support for cryptocurrency. As a Republican candidate, many see him as a proponent of favourable crypto regulations. Any threat to his candidacy adds uncertainty, causing market volatility.

Political Leaders Respond

I have been briefed on reports of gunshots fired near former President Trump and his property in Florida, and I am glad he is safe. Violence has no place in America.

— Vice President Kamala Harris (@VP) September 15, 2024

The incident drew strong reactions from political leaders across the spectrum. President Joe Biden and Vice President Kamala Harris expressed relief that Trump was safe. Both condemned the violence, urging unity and an end to such attacks. Homeland Security Secretary Alejandro Mayorkas praised the swift action of the Secret Service, emphasizing the continued importance of protecting presidential candidates.

Also Read: Trump’s Election Odds Slip by 3% on Crypto Betting Platform Polymarket After Debate

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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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